Is Now The Time To Put Caterpillar (NYSE:CAT) On Your Watchlist?
Is Now The Time To Put Caterpillar (NYSE:CAT) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away.
对于初学者来说,即使某家公司目前没有营业收入和利润的业绩纪录,它讲述给投资者的故事听起来也是个好主意(和令人兴奋的前景),但这些高风险投资往往很难有机会得到回报,并且许多投资者会为了学习而付出代价。尽管一家资金充裕的公司可能会连续几年亏损,但最终一定需要获利,否则投资者会离开,公司也将难以为继。
If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Caterpillar (NYSE:CAT). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
如果这种公司不符合你的风格,你喜欢能产生营业收入甚至盈利的公司,那么你可能会对卡特彼勒(NYSE:CAT)感兴趣。虽然盈利不是在投资时唯一应考虑的指标,但值得注意的是那些能够持续产生盈利的企业。
How Fast Is Caterpillar Growing?
卡特彼勒的增速有多快?
If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. Caterpillar's shareholders have have plenty to be happy about as their annual EPS growth for the last 3 years was 54%. That sort of growth rarely ever lasts long, but it is well worth paying attention to when it happens.
如果一家公司能够保持足够长的时间内每股收益(EPS)稳步增长,那么其股价最终应该会跟随上去。这意味着大多数成功的长期投资者认为,EPS增长是真正的积极因素。卡特彼勒的股东在过去3年中的年均EPS增长率达到了54%,他们有很多理由感到高兴。这种增长很少能持续很久,但在它发生时,它是值得关注的。
It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. Our analysis has highlighted that Caterpillar's revenue from operations did not account for all of their revenue in the previous 12 months, so our analysis of its margins might not accurately reflect the underlying business. The good news is that Caterpillar is growing revenues, and EBIT margins improved by 2.7 percentage points to 21%, over the last year. Both of which are great metrics to check off for potential growth.
通常有助于查看利息和税前收益(EBIT)利润率及营业收入增长,以了解公司增长质量的另一种看法。 我们的分析显示,卡特彼勒在过去12个月中的营业收入未全部来自其营业收入,因此,我们对其利润率的分析可能不能准确地反映其底层业务。好消息是,卡特彼勒的营收正在增长,并且过去一年中EBIT利润率提高了2.7个百分点,达到了21%。这两个指标都是潜在增长的很好的指标。
In the chart below, you can see how the company has grown earnings and revenue, over time. Click on the chart to see the exact numbers.
在下面的图表中,您可以看到该公司随着时间的推移如何增长收入和收益。单击图表以查看确切的数字。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240715/0-94ec3ef7c437680e4fa86cbaeb59ca6f-0-1899dffa4ef7a67281aa7e19af701632.png/big)
Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Caterpillar.
当然,窍门在于找到有着美好未来而非过去的股票。当然,你可以根据过去的表现来定论,但你也可以查看这个在专业分析师EPS预测方面互动图表。
Are Caterpillar Insiders Aligned With All Shareholders?
卡特彼勒内部人是否与所有股东一致?
Since Caterpillar has a market capitalisation of US$164b, we wouldn't expect insiders to hold a large percentage of shares. But we are reassured by the fact they have invested in the company. Notably, they have an enviable stake in the company, worth US$324m. This comes in at 0.2% of shares in the company, which is a fair amount of a business of this size. So despite their percentage holding being low, company management still have plenty of reasons to deliver the best outcomes for investors.
由于卡特彼勒的市值为164亿美元,我们不会预期内部人持有大量股份。但是,他们对公司的投资令我们感到放心。值得注意的是,他们在公司中拥有一个令人羡慕的股份,价值3240万美元。这相当于公司股份的0.2%,在这样规模的企业中是相当可观的份额。因此,尽管他们的股份持有比例较低,但公司管理层仍有足够的理由为投资者提供最佳业绩。
Is Caterpillar Worth Keeping An Eye On?
卡特彼勒值得关注吗?
Caterpillar's earnings per share growth have been climbing higher at an appreciable rate. That EPS growth certainly is attention grabbing, and the large insider ownership only serves to further stoke our interest. At times fast EPS growth is a sign the business has reached an inflection point, so there's a potential opportunity to be had here. Based on the sum of its parts, we definitely think its worth watching Caterpillar very closely. You should always think about risks though. Case in point, we've spotted 2 warning signs for Caterpillar you should be aware of, and 1 of them is a bit concerning.
卡特彼勒的每股收益增长率以可观的速度不断攀升。这种EPS增长肯定会引起关注,大量内部持股只进一步加剧了我们的兴趣。有时快速的EPS增长是业务达到拐点的表现,因此这里可能有机会。基于其部分的总和,我们肯定认为密切关注卡特彼勒的股票值得。当然你应该始终考虑风险。例如,我们发现了2条有关卡特彼勒的警告信号,你应该注意其中一条稍微令人担忧。
While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in the US with promising growth potential and insider confidence.
虽然选择不断增长的收益并且没有内部买入的股票将会产生结果,但对于评估公司的关键指标价值的投资者来说,这是一个仔细挑选的在美国有潜在增长和内部信心的公司列表。
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
请注意,本文讨论的内部交易是指在相关司法管辖区中报告的交易。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。